Maryland LLC Annual Report Late Fee: What You Need to Know
Maryland LLCs must file their annual personal property return by April 15 with a $300 fee. Missing this deadline triggers penalties and can lead to administrative dissolution.
Maryland LLC annual reports are due April 15 — missing the deadline adds a Interest at 13% annually plus potential administrative dissolution after 30 days late fee with a None — penalties apply immediately after the deadline grace period. See details below.
Edmond Hui is a software engineer and serial entrepreneur based in New York who has founded multiple online businesses across e-commerce, media, and information publishing. Before transitioning into tech, he spent years as a commercial real estate professional closing deals totaling over 100,000 square feet, giving him firsthand experience with business formation and entity structuring. He built MyStateLLC to provide the free, state-specific LLC guidance he wished existed when forming his own companies.
Ready to file your annual report?
Go directly to the Maryland Secretary of State portal.
Interest at 13% annually plus potential administrative dissolution after 30 days
⏱
grace period
None — penalties apply immediately after the deadline
🚨
dissolution timeline
Administrative dissolution can occur 30+ days after the deadline for non-filing
What Happens If You Miss the Deadline
Stage 1
Immediately after April 15 deadline
Your LLC is officially late and begins accruing interest at 13% annually on the unpaid $300 fee
✓ Fix:Yes — file immediately to minimize interest charges and avoid dissolution proceedings
Stage 2
30-60 days after deadline
Maryland Department of Assessments and Taxation may begin administrative dissolution proceedings for non-compliance
✓ Fix:Yes — file the overdue report with accumulated interest to stop dissolution proceedings
Stage 3
60+ days or after dissolution
LLC may be administratively dissolved, losing good standing status and legal protections
✓ Fix:Yes — but requires formal reinstatement process including all back fees, interest, and reinstatement fees
How to Fix It: Step-by-Step
1
File the Overdue Annual Personal Property Return
Complete and submit your LLC's personal property return through the Maryland Department of Assessments and Taxation online portal at dat.maryland.gov or by mail
2
Pay All Outstanding Fees and Interest
Pay the $300 base fee plus 13% annual interest calculated from the April 15 deadline until payment date
3
Request Reinstatement (If Dissolved)
If your LLC was administratively dissolved, file a reinstatement application with the Maryland Secretary of State at sos.maryland.gov with required fees
4
Obtain Certificate of Good Standing
After compliance, request an updated Certificate of Good Standing from the Maryland Secretary of State to verify your LLC's active status
🚨 Reinstatement After Dissolution
Reinstatement Possible?
Yes
How Long Allowed
Generally within 3 years of administrative dissolution, though specific timeframes may vary
Reinstatement Fee
Contact Maryland Secretary of State for current reinstatement fee in addition to back taxes and interest
What You Lose During Dissolution
During dissolution period, the LLC loses liability protection, cannot conduct business legally, and may face personal liability for business debts
Frequently Asked Questions
Maryland charges 13% annual interest on the unpaid $300 annual report fee, calculated daily from the April 15 deadline—there is no flat late fee. This means if you miss the April 15, 2026 deadline, interest begins accruing immediately at a rate of approximately $0.11 per day on the $300 base fee. By July 15, you'd owe roughly $305; by October 15, approximately $310. The Maryland Department of Assessments and Taxation (MDAT) compounds this interest until you submit Form LLCR (the annual report form) with full payment. For LLC owners, this seemingly modest daily charge becomes problematic quickly—delaying payment for six months costs an additional $18. More critically, your LLC's good standing status lapses, exposing you to administrative dissolution and personal liability protection loss. File your Form LLCR and $300 fee with MDAT immediately at mdat.maryland.gov to stop interest accumulation and restore compliance.
Yes, Maryland allows LLC reinstatement within three years of administrative dissolution through the Maryland Department of Assessments and Taxation (MDAT). To reinstate, file Form LLC/CORP 050 (Application for Reinstatement) with the MDAT and pay all delinquent annual report fees plus 10% annual interest, the current year's annual report fee ($100 for most LLCs), and a $275 reinstatement fee. If your dissolution occurred after the annual report deadline, you'll owe penalties for each missed year. This process restores your LLC's legal status and liability protection retroactively, meaning you're protected from personal liability for business debts incurred during the dissolution period. Submit your reinstatement application and payment immediately to MDAT to avoid the three-year window closing and losing your business name and legal standing permanently.
Yes, Maryland's administrative dissolution directly eliminates your LLC's liability protection. If you miss the annual report filing deadline (June 15 each year) and don't file within 60 days, the Maryland Department of Assessments and Taxation automatically dissolves your LLC. During this dissolution period—which can last weeks or months—you and other members become personally liable for all business debts, lawsuits, and obligations. This means creditors can pursue your personal assets. The dissolution also invalidates any contracts your LLC entered into, creating significant legal exposure. To restore protection, you must file the overdue annual report (Form 508) with a $100 late fee plus the standard $100 filing fee ($200 total) and submit a reinstatement application. The reinstatement process takes 5–10 business days. Contact the Maryland Department of Assessments and Taxation immediately if your LLC is dissolved to file these documents and restore your liability protection without further delay.
You can verify your Maryland LLC's good standing status instantly through the Maryland Secretary of State's online business search at sos.maryland.gov/sos/citizen/Services/charSearch.aspx. This free tool displays your current filing status, including whether your annual report is current or delinquent. For official documentation—required by banks, lenders, and business partners—request a Certificate of Good Standing directly from the Maryland Department of Assessments and Taxation (SDAT) for $10 per certificate. Processing typically takes 1–2 business days. If your LLC appears delinquent because your annual report wasn't filed by the June 15 deadline, you'll owe a $300 penalty plus the $300 annual report fee. Checking your status promptly prevents complications when securing financing or entering contracts. Visit the Maryland Secretary of State's website today to verify your filing status and determine what fees you owe.
No, Maryland's penalties cannot be negotiated or waived. The State Department of Assessments and Taxation (SDAT) imposes a mandatory 13% annual interest rate on unpaid franchise taxes, which is set by Maryland statute and applies uniformly to all LLCs regardless of circumstances.
However, you can minimize total penalty costs by filing your Annual Report immediately upon discovering the delay. Interest accrues daily from the original June 15 deadline, so each month of delay adds approximately 1% to your tax liability. If your LLC owes $1,000 in franchise taxes, one month late generates roughly $108 in interest charges.
The Maryland SDAT will not consider requests for penalty relief, even for legitimate hardship situations like illness or accounting errors. Your only practical option is prompt payment using Form 502 (Maryland LLC Annual Report) submitted directly to SDAT.
File your overdue report today through the Maryland Business Express portal to stop interest accumulation immediately.
